The Role of Locus of Control in Moderating the Influence of Financial Technology and Financial Knowledge on Financial Management Behavior (Case Study of the "M-Pise Digital" Micropay Application at KSP Bersama Kami Sejahtera)
DOI:
https://doi.org/10.55927/fjmr.v4i9.510Keywords:
Financial Technology, Financial Knowledge, Financial Management, Locus of ControlAbstract
This research is quantitative and associative in nature, aiming to examine the influence of Financial Technology (Fintech) usage and Financial Knowledge on Financial Management Behavior, with Locus of Control (LoC) as a moderating variable. The sample consisted of 56 active members who used the “m-Pise Digital” micro-payment application from KSP BISA, selected based on specific criteria. Primary data was collected from these respondents and analyzed using Structural Equation Modeling (SEM) with SmartPLS 4.1.0. The results indicated that Fintech has a significant positive effect on Financial Management Behavior, meaning that increased use of Fintech generally leads to better financial management behavior. Additionally, the presence of Locus of Control functions as a moderator, strengthening this relationship. This is supported by the interaction test between LoC and Fintech, which confirms LoC’s role as an enhancer of the influence. Based on these findings, it is recommended to expand the sample coverage across different regions and demographic backgrounds to produce more representative results. Using a longitudinal design is also suggested to monitor changes in financial behavior over time. Furthermore, developing models that include mediating and moderating variables such as motivation and culture can enrich the analysis.
References
Andriariza, D., & Agustina, R. (2020). Revitalisasi koperasi melalui digitalisasi di Indonesia. Jurnal Ekonomi dan Pembangunan, 18(2), 95-110.
Ariadin, & Safitri, D. (2021). Perilaku pengelolaan keuangan dan faktor pendukungnya. Jurnal Ekonomi dan Keuangan, 15(2), 120-135.
Barus, N., & Syahbudi, R. (2019). Faktor kegagalan koperasi di Indonesia: Studi kasus di beberapa wilayah. Jurnal Manajemen dan Kewirausahaan, 7(1), 45-59.
Buddelmeyer, H., & Powdthavee, N. (2016). The role of internal locus of control in financial decision making. Journal of Behavioral Finance, 17(4), 324-338.
Ellitan, L. (2020). Revolusi industri 4.0 dan dampaknya terhadap ekonomi Indonesia. Jurnal Ekonomi dan Bisnis, 23(1), 33-50.
Kusumawardana, E., & Febriyanti, D. (2021). Pengaruh fintech terhadap perilaku pengelolaan keuangan. Jurnal Keuangan dan Perbankan, 25(3), 210-225.
Kusumawardana, E., & Febriyanti, D. (2021). Pengaruh teknologi finansial terhadap perilaku pengelolaan keuangan masyarakat. Jurnal Keuangan dan Perbankan, 25(3), 210-225.
Laksmana, K. (2018). Dampak Pertumbuhan Inklusi Keuangan terhadap Stabilitas Sistem Keuangan di Indonesia. Warmadewa National Conference of Economic.
Laksmana, K. (2018). Studi Komparatif The Day of the Week Effect dan The Month of the Year Effect dalam Perolehan Return Saham di Bursa Efek Indonesia pada Periode Februari 2017. INA-Rxiv.
Laksmana, K. (2019). Penerapan Basel III dan Implikasinya terhadap Kinerja Perbankan di Indonesia. Prosidings Seminar Nasional Manajemen Bisnis dan Call for Paper.
Laksmana, K. (2020). Does Financial Decision Mediate the Influence of Behavioral Finance on EVA? Empirical Evidence from MSMEs in Bali. Journal of Advanced Research in Dynamical and Control Systems, 12, 187-196.
Laksmana, K. (2024). Locus of Control dalam Keputusan Keuangan Pelaku UMKM di Provinsi Bali. Humantech: Jurnal Ilmiah Multidisiplin Indonesia, 3(2).
Munawar, A. (2023). Pengaruh fintech payment terhadap perilaku keuangan di era digital. Jurnal Sistem Informasi, 21(2), 157-170.
Munawar, A. (2023). Pengaruh fintech pembayaran terhadap perilaku keuangan. Jurnal Sistem Informasi Keuangan, 21(2), 157-170.
Nizar, M. (2017). Fintech: Inovasi teknologi keuangan di Indonesia. Jurnal Teknologi Finansial, 4(1), 10-20.
Otoritas Jasa Keuangan. (2019). Survei literasi dan inklusi keuangan masyarakat Indonesia 2019. OJK.
Otoritas Jasa Keuangan. (2019). Survei literasi dan inklusi keuangan masyarakat Indonesia 2019. OJK.
Pambudi, A. S. (2019). Peran fintech dalam meningkatkan inklusi keuangan. Jurnal Ekonomi Digital, 3(2), 45-58.
Schwab, K. (2016). The Fourth Industrial Revolution. World Economic Forum.
Thakor, A. V. (2020). Fintech and its impact on banking industry. Journal of Financial Intermediation, 41, 100-119.
Widiastuti, R. (2020). Dampak fintech terhadap perilaku pengelolaan keuangan di Indonesia. Jurnal Ekonomi dan Keuangan, 22(1), 85-101.
Widiastuti, R. (2020). Pengaruh fintech terhadap perilaku keuangan di Indonesia. Jurnal Ekonomi dan Keuangan, 22(1), 85-101.
Wonglimpiyarat, J. (2017). Fintech innovations and the implications for banking industry. International Journal of Financial Studies, 5(4), 27.
Xavier, V. (2017). The impact of fintech in financial services. International Journal of Financial Innovation, 1(1), 1-15.
Zain, N. (2015). Prinsip dan nilai koperasi di Indonesia. Jurnal Koperasi dan UKM, 8(2), 112-126.
Published
Issue
Section
License
Copyright (c) 2025 I Putu Agus Satriawan, Komang Agus Rudi Indra Laksmana, I Dewa Nyoman Usadha
This work is licensed under a Creative Commons Attribution 4.0 International License.
